Swiss Franc Technical Outlook

Published June 30th, 2008 - 06:14 GMT
Al Bawaba
Al Bawaba

The USDCHF is probably on its way to a new low.



The advance from .9647 is in 3 waves and therefore corrective.  A bearish bias is warranted against 1.0493.  Near term, expect resistance near 1.0266 and 1.03.